UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): ~~August~~October 25, 2005 (Date of earliest event reported) SAXON ASSET SECURITIES COMPANY, (as Depositor, under the Sale and Servicing Agreement, dated as January 1, 2005, providing for the issuance of Saxon Asset Securities Trust 2005-1 Mortgage Loan Asset Backed Notes, Series 2005-1) (Exact name of registrant as specified in charter) VIRGINIA (State or Other Jurisdiction of Incorporation) 333-111832-01 52-1865887 (Commission File Number) (I.R.S. Employer Identification No.) 4880 Cox Road Suite 100 Glen Allen, Virginia 23060 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (804) 967-7400 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of Saxon Asset Securities Trust 2005-1 Mortgage Loan Asset Backed Notes, Series 2005-1 which was made on January 1, 2005 Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~August~~October 25, 2005. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. DEUTSCHE BANK TRUST COMPANY AMERICAS, IN ITS CAPACITY AS INDENTURE TRUSTEE UNDER THE SALE AND SERVICING AGREEMENT ON BEHALF OF SAXON ASSET SECURITIES COMPANY, REGISTRANT Date: ~~Aug~~Oct 2628, 2005 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~August~~October 25, 2005.

Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Saxon
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					11
										6. REO Report					12
										7. Foreclosure Report					13
										8. Prepayment Report					1415
										9. Prepayment Detail Report					1718
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)
										12. Triggers and Adj. Cert. Report					26
				Saxon
										13. Additional Certificate Report					27
				Underwriter(s)
				Merrill Lynch
										Total Number of Pages					27
				Dates						Contacts
				Cut-Off Date:			January 01, 2005			Tim Avakian
				Close Date:			January 28, 2005			Administrator
				First Distribution Date:			February 25, 2005			(714) 247-6279
										tim.avakian@db.com
										Address:
										1761 E. St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~August~~October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~July~~September 2930, 2005
										Main Phone Number:			(714) 247-6000
							August 24, 2005
							October 24, 2005
										https://www.tss.db.com/invr
Page 1 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1	SR	$	399,250,000.00		~~340~~302,~~933~~470,~~290~~003.9694		1989,~~083,315~~244.5395		1916,~~042~~265,~~823~~119.5784		2017,~~126~~254,~~139~~364.1079		0.00		0.00		~~321~~286,~~890~~204,~~467~~884.3910
A-2A	SR	$	203,393,000.00		~~145~~106,~~076~~613,~~290~~003.9694		~~445~~338,~~988~~377.7083		1916,~~042~~265,~~823~~119.5783		1916,~~488~~603,~~812~~497.2766		0.00		0.00		~~126~~90,~~033~~347,~~467~~884.3911
A-2B	SR	$	179,656,000.00		179,656,000.00		~~569~~586,~~309~~127.9070		0.00		~~569~~586,~~309~~127.9070		0.00		0.00		179,656,000.00
A-2C	SR	$	16,201,000.00		16,201,000.00		5354,~~013~~421.2786		0.00		5354,~~013~~421.2786		0.00		0.00		16,201,000.00
M-1	MEZ	$	50,500,000.00		50,500,000.00		~~170~~174,~~465~~519.5658		0.00		~~170~~174,~~465~~519.5658		0.00		0.00		50,500,000.00
M-2	MEZ	$	42,000,000.00		42,000,000.00		~~142~~145,~~496~~821.67		0.00		~~142~~145,~~496~~821.67		0.00		0.00		42,000,000.00
M-3	MEZ	$	15,500,000.00		15,500,000.00		5354,~~121~~314.9458		0.00		5354,~~121~~314.9458		0.00		0.00		15,500,000.00
M-4	MEZ	$	23,500,000.00		23,500,000.00		8586,~~194~~701.0394		0.00		8586,~~194~~701.0394		0.00		0.00		23,500,000.00
M-5	MEZ	$	18,500,000.00		18,500,000.00		6768,~~545~~701.5681		0.00		6768,~~545~~701.5681		0.00		0.00		18,500,000.00
M-6	MEZ	$	14,500,000.00		14,500,000.00		5354,~~440~~314.5658		0.00		5354,~~440~~314.5658		0.00		0.00		14,500,000.00
B-1	SUB	$	15,000,000.00		15,000,000.00		6162,~~870~~350.8300		0.00		6162,~~870~~350.8300		0.00		0.00		15,000,000.00
B-2	SUB	$	11,500,000.00		11,500,000.00		48,~~622~~913.6433		0.00		48,~~622~~913.6433		0.00		0.00		11,500,000.00
B-3	SUB	$	10,500,000.00		10,500,000.00		52,~~532~~272.0850		0.00		52,~~532~~272.0850		0.00		0.00		10,500,000.00
TRUST	NOF/SUB	$	0.00		0.00		~~213~~166,~~335~~475.7007		0.00		~~213~~166,~~335~~475.7007		0.00		0.00		0.00
Total			1,000,000,000.00		~~883~~806,~~366~~440,~~581~~007.9288		32,~~100~~882,~~252~~557.9740		3832,~~085~~530,~~647~~239.1467		4135,~~185~~412,~~900~~797.1107		0.00		0.00		~~845~~773,~~280~~909,~~934~~768.7821
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance
									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	0709/2526/05		0810/24/05		A-Act/360		805564RH6		399,250,000.00		~~853~~757.~~934354~~595501		2.~~713376~~477758		4740.~~696490~~739186		5043.~~409866~~216944	~~806~~716.~~237864~~856316
A-2A	0709/2526/05		0810/24/05		A-Act/360		805564RJ2		203,393,000.00		~~713~~524.~~280649~~172434		21.~~192744~~663665		9379.~~625757~~968926		9581.~~818500~~632591	~~619~~444.~~654892~~203508
A-2B	0709/2526/05		0810/24/05		A-Act/360		805564RK9		179,656,000.00		1,000.000000		3.~~168889~~262500		0.000000		3.~~168889~~262500	1,000.000000
A-2C	0709/2526/05		0810/24/05		A-Act/360		805564RL7		16,201,000.00		1,000.000000		3.~~272222~~359167		0.000000		3.~~272222~~359167	1,000.000000
M-1	0709/2526/05		0810/24/05		A-Act/360		805564RM5		50,500,000.00		1,000.000000		3.~~375556~~455833		0.000000		3.~~375556~~455833	1,000.000000
M-2	0709/2526/05		0810/24/05		A-Act/360		805564RN3		42,000,000.00		1,000.000000		3.~~392778~~471945		0.000000		3.~~392778~~471945	1,000.000000
M-3	0709/2526/05		0810/24/05		A-Act/360		805564RP8		15,500,000.00		1,000.000000		3.~~427222~~504166		0.000000		3.~~427222~~504166	1,000.000000
M-4	0709/2526/05		0810/24/05		A-Act/360		805564RQ6		23,500,000.00		1,000.000000		3.~~625278~~689444		0.000000		3.~~625278~~689444	1,000.000000
M-5	0709/2526/05		0810/24/05		A-Act/360		805564RR4		18,500,000.00		1,000.000000		3.~~651111~~713611		0.000000		3.~~651111~~713611	1,000.000000
M-6	0709/2526/05		0810/24/05		A-Act/360		805564RS2		14,500,000.00		1,000.000000		3.~~685556~~745833		0.000000		3.~~685556~~745833	1,000.000000
B-1	0709/2526/05		0810/24/05		A-Act/360		805564RT0		15,000,000.00		1,000.000000		4.~~124722~~156667		0.000000		4.~~124722~~156667	1,000.000000
B-2	0709/2526/05		0810/24/05		A-Act/360		805564RU7		11,500,000.00		1,000.000000		4.~~228056~~253333		0.000000		4.~~228056~~253333	1,000.000000
B-3	0709/2526/05		0810/24/05		A-Act/360		805564RV5		10,500,000.00		1,000.000000		54.~~003055~~978333		0.000000		54.~~003055~~978333	1,000.000000
TRUST	0709/25/05		0810/24/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Distribution to Date -
																	Current
	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	399,250,000.00		79,~~087~~184,~~871~~777.9576		75110,~~756~~995,~~299~~991.9817		12,~~603~~049,~~232~~124.6373		77113,~~359~~045,~~532~~115.6190		84122,~~447~~229,~~404~~893.5666		0.00		0.00		~~321~~286,~~890~~204,~~467~~884.3910
A-2A	203,393,000.00		34,~~248~~006,~~278~~907.3982		75110,~~756~~995,~~299~~991.9916		12,~~603~~049,~~232~~124.6273		77113,~~359~~045,~~532~~115.6189		80117,~~607~~052,~~811~~023.0071		0.00		0.00		~~126~~90,~~033~~347,~~467~~884.3911
A-2B	179,656,000.00		34,~~394~~597,~~763~~510.0204		0.00		0.00		0.00		34,~~394~~597,~~763~~510.0204		0.00		0.00		179,656,000.00
A-2C	16,201,000.00		~~317~~429,~~581~~336.2969		0.00		0.00		0.00		~~317~~429,~~581~~336.2969		0.00		0.00		16,201,000.00
M-1	50,500,000.00		1,~~025~~384,~~616~~236.6377		0.00		0.00		0.00		1,~~025~~384,~~616~~236.6377		0.00		0.00		50,500,000.00
M-2	42,000,000.00		~~857~~1,~~934~~157,616.7643		0.00		0.00		0.00		~~857~~1,~~934~~157,616.7643		0.00		0.00		42,000,000.00
M-3	15,500,000.00		~~320~~431,~~269~~917.8824		0.00		0.00		0.00		~~320~~431,~~269~~917.8824		0.00		0.00		15,500,000.00
M-4	23,500,000.00		~~517~~695,~~399~~830.9118		0.00		0.00		0.00		~~517~~695,~~399~~830.9118		0.00		0.00		23,500,000.00
M-5	18,500,000.00		~~410~~551,~~583~~989.1798		0.00		0.00		0.00		~~410~~551,~~583~~989.1798		0.00		0.00		18,500,000.00
M-6	14,500,000.00		~~325~~437,~~223~~039.9913		0.00		0.00		0.00		~~325~~437,~~223~~039.9913		0.00		0.00		14,500,000.00
B-1	15,000,000.00		~~381~~510,~~488~~121.5992		0.00		0.00		0.00		~~381~~510,~~488~~121.5992		0.00		0.00		15,000,000.00
B-2	11,500,000.00		~~300~~401,~~601~~558.2648		0.00		0.00		0.00		~~300~~401,~~601~~558.2648		0.00		0.00		11,500,000.00
B-3	10,500,000.00		~~330~~438,~~112~~302.0184		0.00		0.00		0.00		~~330~~438,~~112~~302.0184		0.00		0.00		10,500,000.00
TRUST	0.00		2,~~516~~909,~~444~~530.8710		0.00		0.00		0.00		2,~~516~~909,~~444~~530.8710		0.00		0.00		0.00
Total	1,000,000,000.00		2127,~~034~~136,~~169~~675.7238		~~151~~221,~~512~~991,~~599~~982.9733		34,~~206~~098,~~465~~249.2546		~~154~~226,~~719~~090,~~065~~231.2279		~~175~~253,~~753~~226,~~234~~907.9417		0.00		0.00		~~845~~773,~~280~~909,~~934~~768.7821
Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	34.~~69000~~06000%		~~340~~302,~~933~~470,~~290~~003.9694		1989,~~083,315~~244.5395		0.00		0.00		0.00		1989,~~083,315~~244.5395		1989,~~083,315~~244.5395		0.00
A-2A	3.~~57000~~94000%		~~145~~106,~~076~~613,~~290~~003.9694		~~445~~338,~~988~~377.7083		0.00		0.00		0.00		~~445~~338,~~988~~377.7083		~~445~~338,~~988~~377.7083		0.00
A-2B	34.~~68000~~05000%		179,656,000.00		~~569~~586,~~309~~127.9070		0.00		0.00		0.00		~~569~~586,~~309~~127.9070		~~569~~586,~~309~~127.9070		0.00
A-2C	34.~~80000~~17000%		16,201,000.00		5354,~~013~~421.2786		0.00		0.00		0.00		5354,~~013~~421.2786		5354,~~013~~421.2786		0.00
M-1	34.~~92000~~29000%		50,500,000.00		~~170~~174,~~465~~519.5658		0.00		0.00		0.00		~~170~~174,~~465~~519.5658		~~170~~174,~~465~~519.5658		0.00
M-2	34.~~94000~~31000%		42,000,000.00		~~142~~145,~~496~~821.67		0.00		0.00		0.00		~~142~~145,~~496~~821.67		~~142~~145,~~496~~821.67		0.00
M-3	34.~~98000~~35000%		15,500,000.00		5354,~~121~~314.9458		0.00		0.00		0.00		5354,~~121~~314.9458		5354,~~121~~314.9458		0.00
M-4	4.~~21000~~58000%		23,500,000.00		8586,~~194~~701.0394		0.00		0.00		0.00		8586,~~194~~701.0394		8586,~~194~~701.0394		0.00
M-5	4.~~24000~~61000%		18,500,000.00		6768,~~545~~701.5681		0.00		0.00		0.00		6768,~~545~~701.5681		6768,~~545~~701.5681		0.00
M-6	4.~~28000~~65000%		14,500,000.00		5354,~~440~~314.5658		0.00		0.00		0.00		5354,~~440~~314.5658		5354,~~440~~314.5658		0.00
B-1	45.~~79000~~16000%		15,000,000.00		6162,~~870~~350.8300		0.00		0.00		0.00		6162,~~870~~350.8300		6162,~~870~~350.8300		0.00
B-2	45.~~91000~~28000%		11,500,000.00		48,~~622~~913.6433		0.00		0.00		0.00		48,~~622~~913.6433		48,~~622~~913.6433		0.00
B-3	56.~~81000~~18000%		10,500,000.00		52,~~532~~272.0850		0.00		0.00		0.00		52,~~532~~272.0850		52,~~532~~272.0850		0.00
TRUST	0.00000%		0.00		0.00		~~649~~1,507.5670		0.00		0.00		-~~649~~1,507.5670		~~213~~166,~~335~~475.7007		0.00
Total			~~883~~806,~~366~~440,~~581~~007.9288		2,~~886~~716,~~917~~082.2733		~~649~~1,507.5670		0.00		0.00		2,~~886~~714,~~267~~574.7163		32,~~100~~882,~~252~~557.9740		0.00
Page 3 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														3530,~~778~~555,~~017~~397.4330
Principal Withrawals														0.00
Principal Other Accounts														~~28,372~~0.7000
TOTAL NET PRINCIPAL														3530,~~806~~555,~~390~~397.1330
Interest Collections														54,~~095~~664,~~482~~050.3140
Interest Withdrawals														-0.00
Interest Other Accounts														~~533~~416,~~339~~187.2667
Interest Fees														-~~211~~188,~~980~~532.1790
TOTAL NET INTEREST														54,~~416~~891,~~841~~705.4017
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														4135,~~223~~447,~~231~~102.5347
Retained Interest paid to SAXON Funding Management														3734,~~331~~305.4240
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															~~466~~441,~~055~~284.0423
Curtailments															4339,~~564~~703.9098
Prepayments In Full															3529,~~268~~781,~~397~~100.4928
Repurchased/Substitutions															0.00
Liquidations															0322,933.0033
Other Additional Principal															0.00
Delinquent Principal															-~~109~~125,~~799~~043.3171
Realized Losses															-029,624.0052
Advanced Principal															~~109~~125,~~799~~043.3171
TOTAL PRINCIPAL COLLECTED															3530,~~778~~555,~~017~~397.4330
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														~~28,372~~0.7000
Page 4 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														54,~~136~~708,~~594~~142.4496
Repurchased/Substitution Interest														0.00
Liquidation Interest														02,119.0025
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-2013,~~643~~659.5919
Delinquent Interest														-1,~~156~~276,~~065~~478.9217
Compensating Interest														2013,~~643~~659.5819
Civil Relief Act Shortfalls														-~~649~~1,507.5670
Interest Advanced														1,~~115~~231,~~603~~774.3405
TOTAL INTEREST COLLECTED														54,~~095~~664,~~482~~050.3140
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														~~533~~416,~~339~~187.2667
TOTAL INTEREST OTHER ACCOUNTS														~~533~~416,~~339~~187.2667
INTEREST - FEES
														Total
Current Servicing Fees														~~146~~127,~~544~~172.2258
Master Servicing Fees														3734,~~331~~305.4240
PMI Insurance Fees														2827,~~104~~054.5392
TOTAL INTEREST FEES														~~211~~188,~~980~~532.1790
Page 5 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralization Amount														1418,~~895~~834,~~195~~876.9653
Overcollateralization Target Amount														19,000,000.00
Overcollateralization Deficiency Amount														4165,~~104,804~~123.0447
Overcollateralization Release Amount														0.00
Page 6 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														4,321
Prior														54,~~094~~753
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-~~161~~145
Repurchases														-0
Liquidations														-01
Current														4,~~933~~607
Principal Balance:
Original														781,730,479.75
Prior														~~895~~823,~~954~~329,~~148~~666.1756
Prefunding														0.00
Scheduled Principal														-~~466~~441,~~055~~284.0423
Partial Prepayments														-4339,~~564~~703.9098
Full Voluntary Prepayments														-3529,~~268~~781,~~397~~100.4928
Repurchases														-0.00
Liquidations														-0322,933.0033
Current														~~860~~792,~~176~~744,~~130~~644.74
PREFUNDING
														Total
Prefunding Account Original Balance														218,269,520.25
Prefunding Account Month Begining Balance														0.00
Subsequent Loans Added to the Pool for the month														0.00
Prefunding Release to Certificate Holders														~~28,372~~0.7000
Prefunding Account Month Ending Balance														0.00
Page 7 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.75583%
Weighted Average Coupon Prior														6.~~88250~~87441%
Weighted Average Coupon Current														6.~~87972~~86517%
Weighted Average Months to Maturity Original														354
Weighted Average Months to Maturity Prior														~~349~~346
Weighted Average Months to Maturity Current														~~347~~345
Weighted Avg Remaining Amortization Term Original														354
Weighted Avg Remaining Amortization Term Prior														~~349~~346
Weighted Avg Remaining Amortization Term Current														~~347~~345
Weighted Average Seasoning Original														2.04
Weighted Average Seasoning Prior														68.6364
Weighted Average Seasoning Current														79.64
Page 8 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.68543%
Weighted Average Margin Prior														5.~~62131~~61397%
Weighted Average Margin Current														5.~~62039~~60238%
Weighted Average Max Rate Original														12.90108%
Weighted Average Max Rate Prior														12.~~85740~~84514%
Weighted Average Max Rate Current														12.~~85278~~83305%
Weighted Average Min Rate Original														6.14536%
Weighted Average Min Rate Prior														6.~~07360~~06283%
Weighted Average Min Rate Current														6.~~06935~~04842%
Weighted Average Cap Up Original														1.02453%
Weighted Average Cap Up Prior														1.~~02026~~02049%
Weighted Average Cap Up Current														1.~~02026~~02006%
Weighted Average Cap Down Original														1.02453%
Weighted Average Cap Down Prior														1.~~02026~~02049%
Weighted Average Cap Down Current														1.~~02026~~02006%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														~~146~~127,~~544~~172.2258
Delinquent Servicing Fees														4044,~~098~~340.9650
TOTAL SERVICING FEES														~~186~~171,~~645~~515.5040
Servicing Fees														~~186~~171,~~645~~515.5040
Master Servicing Fees														3734,~~331~~305.4240
Total Servicing Fees (incl. Master Servicing Fees)														~~223~~205,~~988~~832.5341
Compensating Interest														-2013,~~643~~659.5819
Delinquent Servicing Fees														-4044,~~098~~340.9650
COLLECTED SERVICING FEES														~~163~~147,~~220~~807.4518
Total Advanced Interest														1,~~115~~231,~~603~~774.3405
Total Advanced Principal														~~109~~125,~~799~~043.3171
Aggregate Advances with respect to this Distribution														1,~~225~~356,~~402~~817.6576
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														2013,~~643~~659.5919
Compensating Interest														-2013,~~643~~659.5819
Net Prepayment Interest Shortfall (PPIS)														0.00
Libor For Current Period														3.~~4600~~8300%
Libor For Next Period														34.~~6412~~0375%
Retained Interest paid to SAXON Funding Management														3734,~~331~~305.4240
Page 9 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Page 10 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,~~683~~928,~~365~~826.7492		43,~~932~~422,~~076~~560.3477		1,~~991~~190,~~117~~375.6495		1614,~~606~~541,~~559~~763.7264
			% Balance				1.1325%		0.5743%		0.2315%		1.9383%
			# Loans				6159		3120		108		~~102~~87
			% # Loans				1.2428%		0.6343%		0.2017%		21.0789%
	FORECLOSURE		Balance		~~211,118~~0.7100		0.00		~~407~~1,~~370~~787,702.7490		410,~~743~~688,~~082~~235.6993		512,~~361~~475,~~572~~938.1483
			% Balance		0.0200%		0.00%		0.0523%		01.5535%		01.6257%
			# Loans		10		0		312		3364		3776
			% # Loans		0.0200%		0.00%		0.0626%		01.6739%		01.7565%
	BANKRUPTCY		Balance		~~767~~1,~~906~~254,500.5480		~~168~~186,~~209~~846.1801		~~103,616~~0.8800		1,~~269~~791,~~549~~588.2225		23,~~309~~232,~~281~~935.8206
			% Balance		0.0916%		0.02%		0.0100%		0.1523%		0.2741%
			# Loans		812		2		10		611		1725
			% # Loans		0.1626%		0.04%		0.0200%		0.1224%		0.3454%
	REO		Balance		0.00		0.00		0.00		~~654~~2,~~572~~187,533.9313		~~654~~2,~~572~~187,533.9313
			% Balance		0.00%		0.00%		0.00%		0.0828%		0.0828%
			# Loans		0		0		0		515		515
			% # Loans		0.00%		0.00%		0.00%		0.1033%		0.1033%
	TOTAL		Balance		~~979~~1,~~025~~254,500.2580		910,~~851~~115,~~574~~672.9293		5,~~443~~210,~~063~~263.9667		815,~~658~~857,~~322~~733.4826		2432,~~931~~438,~~986~~170.6166
			% Balance		0.1116%		1.1528%		0.6366%		12.0100%		24.9009%
			# Loans		912		6361		3532		5498		~~161~~203
			% # Loans		0.1826%		1.2832%		0.7169%		12.0913%		34.2641%
Page 11 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
11169804 1
			399,000.00		~~391~~390,~~342~~450.5644		01-Jan-2005		8.000%		CO - 84.00%		360		01-Nov-1999
11812291 1			76,800.00		76,489.26		01-Feb-2005		9.500%		NC - 80.00%		360		01-Jan-2005
11789230 1			180,000.00		180,000.00		01-Mar-2005		7.250%		GA - 80.00%		360		01-Nov-2004
11799684 1			343,920.00		343,920.00		01-Feb-2005		5.250%		CO - 80.00%		360		01-Jan-2005
11800516 1			60,900.00		60,457.85		01-Nov-2004		8.250%		IN - 74.95%		360		01-Dec-2004
11804597 1			296,000.00		295,999.36		01-Mar-2005		6.000%		GA - 80.00%		360		01-Dec-2004
11808506 1			115,200.00		114,419.17		01-Mar-2005		8.100%		GA - 90.00%		360		01-Jan-2005
11812291 1			76,800.00		76,408.46		01-Feb-2005		9.500%		NC - 80.00%		360		01-Jan-2005
11812632 1			56,000.00		55,762.56		01-Feb-2005		7.825%		MI - 80.00%		360		01-Feb-2005
11817322 1			77,679.00		77,267.03		01-Feb-2005		7.500%		MI - 92.48%		360		01-Feb-2005
11812676 1			100,000.00		99,021.45		01-Nov-2004		7.630%		GA - 80.00%		360		01-Oct-2004
11826915 1			53,950.00		53,711.52		01-Jan-2005		8.400%		MI - 65.00%		360		01-Feb-2005
11815486 1			54,000.00		52,623.15		01-Mar-2005		9.800%		MI - 90.00%		180		01-Jan-2005
TOTAL			663,429.00		654,572.93
11816868 1			80,000.00		79,404.20		01-Feb-2005		7.625%		MI - 80.00%		360		01-Jan-2005
11817294 1			72,000.00		71,627.65		01-Mar-2005		8.900%		MI - 62.61%		360		01-Feb-2005
11817322 1			77,679.00		77,146.21		01-Feb-2005		7.500%		MI - 92.48%		360		01-Feb-2005
11826915 1			53,950.00		53,641.22		01-Jan-2005		8.400%		MI - 65.00%		360		01-Feb-2005
11827523 1			238,000.00		236,651.41		01-Mar-2005		8.450%		NC - 85.00%		360		01-Feb-2005
TOTAL			2,203,449.00		2,187,533.13
Page 12 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
11784029 1
11745007 1
			98,600.00		98,150.66		01-Feb-2005		9.000%		IN - 85.00%		360		01-Jan-2005
			390,000.00		387,203.93		01-May-2005		8.313%		MI - 75.00%		360		01-Dec-2004
11789230 1			180,000.00		180,000.00		01-Mar-2005		7.250%		GA - 80.00%		360		01-Nov-2004
11772722 1			63,750.00		63,259.40		01-Apr-2005		9.210%		MI - 85.00%		360		01-Sep-2004
11795923 1			68,000.00		67,043.10		01-Feb-2005		7.900%		NY - 80.00%		240		01-Jan-2005
11784029 1			98,600.00		98,035.77		01-Feb-2005		9.000%		IN - 85.00%		360		01-Jan-2005
11799301 1			156,000.00		155,209.60		01-Dec-2004		9.000%		PA - 80.00%		360		01-Dec-2004
11784203 1			146,900.00		145,885.58		01-Apr-2005		8.500%		VT - 65.00%		360		01-Dec-2004
11799684 1			343,920.00		343,920.00		01-Feb-2005		5.250%		CO - 80.00%		360		01-Jan-2005
11788256 1			88,000.00		87,334.81		01-May-2005		8.500%		OH - 80.00%		360		01-Nov-2004
11800516 1			60,900.00		60,540.74		01-Nov-2004		8.250%		IN - 74.95%		360		01-Dec-2004
11794167 1			104,000.00		103,486.46		01-Jun-2005		9.125%		FL - 80.00%		360		01-Feb-2005
11801629 1			118,400.00		117,829.41		01-Dec-2004		8.650%		SC - 80.00%		360		01-Jan-2005
11795923 1			68,000.00		66,795.93		01-Feb-2005		7.900%		NY - 80.00%		240		01-Jan-2005
11796181 1			68,000.00		67,321.56		01-Apr-2005		6.625%		NY - 85.00%		360		01-Dec-2004
11798043 1			87,567.00		86,946.98		01-Apr-2005		8.375%		MI - 86.70%		360		01-Dec-2004
11799301 1			156,000.00		155,026.62		01-Dec-2004		9.000%		PA - 80.00%		360		01-Dec-2004
11799468 1			136,269.00		135,122.25		01-Jan-2005		7.000%		MI - 92.70%		360		01-Jan-2005
11799649 1			72,250.00		71,853.60		01-May-2005		9.625%		NC - 85.00%		360		01-Dec-2004
11801629 1			118,400.00		117,681.56		01-Dec-2004		8.650%		SC - 80.00%		360		01-Jan-2005
11801642 1			89,600.00		89,600.00		01-Feb-2005		7.875%		OH - 80.00%		360		01-Jan-2005
11802808 1			104,000.00		104,000.00		01-Nov-2004		6.625%		GA - 80.00%		360		01-Dec-2004
11803751 1			120,000.00		118,~~575~~441.0399		01-Apr-2005		9.875%		MD - 75.00%		360		01-Dec-2004
11804597 1			296,000.00		295,999.36		01-Mar-2005		6.000%		GA - 80.00%		360		01-Dec-2004
11805835 1			56,100.00		55,775.94		01-Feb-2005		9.375%		LA - 85.00%		360		01-Dec-2004
11805835 1			56,100.00		55,836.94		01-Feb-2005		9.375%		LA - 85.00%		360		01-Dec-2004
11805944 1			73,500.00		72,921.79		01-Apr-2005		8.100%		IN - 75.00%		360		01-Dec-2004
11805986 1			160,210.00		159,~~382~~139.6544		01-Apr-2005		7.625%		NJ - 86.60%		360		01-Feb-2005
11808506 1			115,200.00		114,579.57		01-Mar-2005		8.100%		GA - 90.00%		360		01-Jan-2005
11806165 1			248,500.00		248,499.01		01-May-2005		6.875%		VA - 67.16%		360		01-Jan-2005
11809576 1			99,900.00		96,321.55		01-Jan-2005		7.300%		TX - 90.00%		360		01-Feb-2005
11809371 1			97,750.00		97,122.98		01-Apr-2005		8.375%		MI - 84.71%		360		01-Jan-2005
11810337 1			57,000.00		56,547.25		05-Jan-2005		6.125%		WI - 69.51%		360		05-Dec-2004
11809589 1			70,000.00		69,497.64		01-May-2005		7.813%		MI - 70.00%		360		01-Jan-2005
11812676 1			100,000.00		99,177.02		01-Nov-2004		7.630%		GA - 80.00%		360		01-Oct-2004
11809954 1			102,400.00		99,458.80		01-Apr-2005		8.425%		FL - 80.00%		180		01-Jan-2005
11812697 1			66,300.00		65,842.95		01-Mar-2005		8.509%		IN - 85.00%		360		01-Oct-2004
11810337 1			57,000.00		56,431.53		05-Jan-2005		6.125%		WI - 69.51%		360		05-Dec-2004
11813381 1			301,750.00		299,900.63		01-Dec-2004		7.450%		IL - 85.00%		360		01-Jan-2005
11812299 1			248,000.00		245,767.52		01-May-2005		6.650%		FL - 68.89%		360		01-Jan-2005
11813982 1			86,375.00		86,368.51		01-Mar-2005		8.750%		IN - 88.14%		360		01-Jan-2005
11812678 1			118,065.00		117,271.41		01-Apr-2005		9.490%		VA - 85.00%		360		01-Oct-2004
11815486 1			54,000.00		52,907.55		01-Mar-2005		9.800%		MI - 90.00%		180		01-Jan-2005
11812680 1			64,000.00		63,313.62		01-Jun-2005		7.150%		TN - 80.00%		360		01-Oct-2004
11816586 1			246,500.00		246,500.00		01-Feb-2005		7.150%		GA - 85.00%		360		01-Jan-2005
11812697 1			66,300.00		65,755.96		01-Mar-2005		8.509%		IN - 85.00%		360		01-Oct-2004
11816729 1			160,000.00		158,848.59		01-Jan-2005		6.625%		CA - 66.67%		360		01-Jan-2005
11813381 1			301,750.00		299,423.80		01-Dec-2004		7.450%		IL - 85.00%		360		01-Jan-2005
11816868 1			80,000.00		79,526.40		01-Feb-2005		7.625%		MI - 80.00%		360		01-Jan-2005
11813684 1			73,500.00		73,499.49		01-Jun-2005		7.680%		NJ - 83.52%		360		01-Feb-2005
11816927 1			212,500.00		211,118.71		01-Jun-2005		7.150%		CT - 83.33%		360		01-Jan-2005
11813982 1			86,375.00		86,368.51		01-Feb-2005		8.750%		IN - 88.14%		360		01-Jan-2005
11817294 1			72,000.00		71,712.55		01-Mar-2005		8.900%		MI - 62.61%		360		01-Feb-2005
11814981 1			264,000.00		264,000.00		01-Mar-2005		7.250%		UT - 80.00%		360		01-Jan-2005
11818543 1			160,000.00		159,207.33		01-Mar-2005		8.950%		DE - 44.20%		360		01-Jan-2005
11816121 1			80,250.00		79,519.33		01-Jun-2005		7.999%		VA - 84.47%		360		01-Oct-2004
11821814 1			72,000.00		71,193.65		01-Mar-2005		8.650%		SC - 68.57%		240		01-Feb-2005
11816729 1			160,000.00		158,552.73		01-Jan-2005		6.625%		CA - 66.67%		360		01-Jan-2005
11823578 1			440,100.00		438,515.58		01-Mar-2005		9.400%		CA - 90.00%		360		01-Feb-2005
11816935 1			89,280.00		88,612.33		01-Jun-2005		7.050%		VA - 93.00%		360		01-Feb-2005
11825808 1			85,000.00		84,356.06		01-Jan-2005		8.490%		PA - 85.00%		360		01-Sep-2004
11818237 1			600,000.00		600,000.00		01-Apr-2005		7.300%		CO - 71.71%		360		01-Jan-2005
11828102 1			250,000.00		250,000.00		01-Feb-2005		7.875%		MT - 70.42%		360		01-Jan-2005
11818363 1			60,500.00		60,180.65		01-May-2005		8.800%		IN - 55.00%		360		01-Feb-2005
11828479 1			94,400.00		93,961.09		01-Feb-2005		8.150%		GA - 80.00%		360		01-Feb-2005
11818543 1			160,000.00		159,018.19		01-Mar-2005		8.950%		DE - 44.20%		360		01-Jan-2005
11829189 1			220,000.00		218,902.75		01-Mar-2005		7.800%		NV - 69.40%		360		01-Feb-2005
11818760 1			217,000.00		215,173.80		01-Jun-2005		7.000%		MA - 69.91%		360		01-Jan-2005
11829972 1			231,200.00		230,112.14		01-Mar-2005		7.300%		CA - 80.00%		360		01-Mar-2005
11818998 1			340,650.00		340,650.00		01-Mar-2005		6.150%		CA - 90.00%		360		01-Jan-2005
11830290 1			68,850.00		68,550.75		01-Feb-2005		7.700%		IN - 85.00%		360		01-Mar-2005
11819564 1			228,000.00		226,488.71		01-Apr-2005		7.050%		VT - 80.00%		360		01-Mar-2005
11830470 1			132,800.00		131,920.96		01-Mar-2005		6.350%		FL - 80.00%		360		01-Feb-2005
11819789 1			304,000.00		302,224.49		01-Mar-2005		8.300%		NJ - 80.00%		360		01-Feb-2005
11838056 1			130,000.00		129,413.06		01-Apr-2005		9.990%		CT - 70.27%		360		01-Dec-2004
11819832 1			96,000.00		95,472.33		01-Jun-2005		8.600%		WA - 80.00%		360		01-Feb-2005
TOTAL			5,387,605.00		5,361,572.14
11820824 1			59,945.60		58,910.23		01-May-2005		7.200%		TN - 80.00%		240		01-Feb-2005
11821082 1			120,000.00		119,293.71		01-Apr-2005		8.800%		GA - 80.00%		360		01-Jan-2005
11821284 1			164,700.00		164,700.00		01-Apr-2005		6.913%		CO - 90.00%		360		01-Feb-2005
11821814 1			72,000.00		70,955.81		01-Mar-2005		8.650%		SC - 68.57%		240		01-Feb-2005
11821865 1			33,000.00		32,169.90		01-May-2005		8.700%		MS - 60.00%		180		01-Feb-2005
11822191 1			127,000.00		126,204.39		01-Apr-2005		7.950%		CO - 83.55%		360		01-Feb-2005
Page 13 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
11823578 1
			440,100.00		438,046.77		01-Apr-2005		9.400%		CA - 90.00%		360		01-Feb-2005
11823687 1			92,000.00		91,489.18		01-Mar-2005		8.550%		GA - 80.00%		360		01-Feb-2005
11823991 1			300,000.00		300,000.00		01-Apr-2005		6.850%		CA - 80.00%		360		01-Feb-2005
11824526 1			112,000.00		111,202.22		01-May-2005		7.300%		IN - 80.00%		360		01-Feb-2005
11825364 1			70,550.00		70,129.61		01-Jun-2005		8.200%		LA - 85.00%		360		01-Feb-2005
11825504 1			174,250.00		174,250.00		01-Apr-2005		6.500%		CO - 85.00%		360		01-Feb-2005
11825808 1			85,000.00		84,243.34		01-May-2005		8.490%		PA - 85.00%		360		01-Sep-2004
11827090 1			292,500.00		292,500.00		01-Apr-2005		7.350%		GA - 90.00%		360		01-Mar-2005
11827369 1			240,000.00		237,907.30		01-Apr-2005		6.250%		NY - 71.01%		360		01-Feb-2005
11828102 1			250,000.00		250,000.00		01-Feb-2005		7.875%		MT - 70.42%		360		01-Jan-2005
11828576 1			131,000.00		129,779.83		01-Apr-2005		5.900%		OH - 78.92%		360		01-Feb-2005
11828816 1			131,750.00		131,706.36		01-Jun-2005		7.950%		AZ - 85.00%		360		01-Feb-2005
11829189 1			220,000.00		218,580.00		01-Mar-2005		7.800%		NV - 69.40%		360		01-Feb-2005
11829972 1			231,200.00		229,740.63		01-Mar-2005		7.300%		CA - 80.00%		360		01-Mar-2005
11830279 1			610,000.00		610,000.00		01-May-2005		8.150%		MN - 74.39%		360		01-Mar-2005
11830470 1			132,800.00		131,663.78		01-Mar-2005		6.350%		FL - 80.00%		360		01-Feb-2005
11831582 1			233,750.00		233,750.00		01-May-2005		6.600%		VA - 85.00%		360		01-Mar-2005
11834890 1			333,000.00		333,000.00		01-May-2005		7.600%		CA - 90.00%		360		01-Mar-2005
11835323 1			145,000.00		142,659.07		01-May-2005		6.750%		MI - 50.37%		240		01-Mar-2005
11838056 1			130,000.00		129,287.48		01-Apr-2005		9.990%		CT - 70.27%		360		01-Dec-2004
11840935 1			58,500.00		55,679.28		01-May-2005		6.950%		VA - 43.01%		120		01-Apr-2005
11841506 1			81,000.00		80,649.12		01-Jun-2005		8.500%		MO - 90.00%		360		01-Apr-2005
11842213 1			348,500.00		346,412.95		01-Jun-2005		6.870%		CA - 82.98%		360		01-Apr-2005
11843385 1			180,000.00		178,989.21		01-May-2005		7.200%		OH - 80.00%		360		01-Apr-2005
11846919 1			25,000.00		24,879.95		01-Mar-2005		7.990%		IL - 13.47%		360		01-Apr-2005
11848140 1			440,000.00		439,727.50		01-Jun-2005		7.500%		TX - 80.00%		360		01-Apr-2005
11849723 1			140,000.00		139,294.77		01-May-2005		7.750%		FL - 64.22%		360		01-Apr-2005
TOTAL			12,539,011.60		12,475,938.83
Page 14 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														~~161~~145
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														~~161~~145
Curtailments Amount														4339,~~564~~703.9098
Paid in Full Balance														3529,~~268~~781,~~397~~100.4928
Repurchased Loans Balance														0.00
Total Prepayment Amount														3529,~~311~~820,~~962~~804.3926
Cumulative
Number of Paid in Full Loans														~~631~~956
Number of Repurchased Loans														8
Total Number of Loans Prepaid in Full														~~639~~964
Paid in Full Balance														~~134~~200,~~817~~956,~~061~~743.6336
Repurchased Loans Balance														968,670.38
Curtailments Amount														~~803~~880,~~299~~386.3003
Total Prepayment Amount														~~136~~202,~~589~~805,~~031~~799.3177
Page 14 of 27
Page 15 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														3.9466%
3 Months Avg SMM														3.1295%
12 Months Avg SMM														2.1555%
Avg SMM Since Cut-off														2.1555%
CPR														3836.2910%
3 Months Avg CPR														3138.6032%
12 Months Avg CPR														2226.9567%
Avg CPR Since Cut-off														2226.9567%
PSA														21,~~507~~872.2124%
3 Months Avg PSA Approximation														2,~~382~~217.2798%
12 Months Avg PSA Approximation														2,~~415~~329.6102%
Avg PSA Since Cut-off Approximation														2,~~415~~329.6102%
Page 15 of 27
Page 16 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
Page 16 of 27
Page 17 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
11761004 1			150,500.00		150,500.00			18-Jul-2005		6.625%		AK - 70.00%		Paid Off - 360		01-Dec-2004
11162821 1			68,000.00		#######			03-Oct-2005		9.375%		OH - 85.00%		Paid Off - 360		01-Dec-1999
11776281 1			334,000.00		331,749.76			21-Jul-2005		6.375%		CA - 89.42%		Paid Off - 360		01-Jan-2005
11780561 1			190,000.00		188,441.63			14-Oct-2005		6.575%		NJ - 69.34%		Paid Off - 360		01-Jan-2005
11777289 1			250,000.00		248,978.60			02-Aug-2005		10.625%		PA - 64.94%		Paid Off - 360		01-Nov-2004
11781546 1			100,000.00		93,569.13			30-Sep-2005		7.342%		FL - 66.67%		Paid Off - 120		01-Nov-2004
11782965 1			109,632.00		108,898.28			03-Aug-2005		7.000%		VA - 80.00%		Paid Off - 360		01-Dec-2004
11787953 1			100,800.00		99,940.09			20-Sep-2005		7.250%		NC - 80.00%		Paid Off - 360		01-Dec-2004
11786404 1			220,000.00		218,822.77			03-Aug-2005		8.675%		NV - 100.00%		Paid Off - 360		01-Dec-2004
11796264 1			61,200.00		60,770.47			20-Sep-2005		7.375%		NY - 90.00%		Paid Off - 360		01-Jan-2005
11786494 1			386,910.00		384,674.49			26-Jul-2005		8.375%		MD - 90.00%		Paid Off - 360		01-Nov-2004
11797170 1			137,855.00		136,772.92			28-Sep-2005		6.800%		WA - 86.16%		Paid Off - 360		01-Jan-2005
11787179 1			409,500.00		406,759.25			27-Jul-2005		7.000%		HI - 77.26%		Paid Off - 360		01-Dec-2004
11797833 1			185,692.00		185,692.00			17-Oct-2005		7.000%		CA - 53.05%		Paid Off - 360		01-Nov-2004
11787250 1			157,500.00		156,673.50			29-Jul-2005		8.828%		FL - 90.00%		Paid Off - 360		01-Nov-2004
11798494 1			237,000.00		237,000.00			05-Oct-2005		5.875%		VA - 79.00%		Paid Off - 360		01-Dec-2004
11789457 1			313,650.00		312,091.68			09-Aug-2005		8.500%		MD - 84.78%		Paid Off - 360		01-Dec-2004
11799466 1			272,000.00		269,923.67			30-Sep-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Dec-2004
11793403 1			434,000.00		428,836.31			21-Jul-2005		6.850%		MD - 65.76%		Paid Off - 240		01-Feb-2005
11799887 1			150,000.00		149,022.19			05-Oct-2005		7.750%		CA - 62.76%		Paid Off - 360		01-Jan-2005
11795512 1			100,563.00		99,549.81			17-Aug-2005		6.625%		CA - 73.40%		Paid Off - 360		01-Nov-2004
11800840 1			122,000.00		121,947.46			30-Sep-2005		7.495%		VA - 69.71%		Paid Off - 360		01-Jan-2005
11796918 1			180,000.00		180,000.00			05-Aug-2005		7.700%		CA - 72.00%		Paid Off - 360		01-Dec-2004
11801066 1			128,000.00		128,000.00			03-Oct-2005		6.500%		FL - 84.04%		Paid Off - 360		01-Dec-2004
11797656 1			220,000.00		218,480.13			18-Jul-2005		6.125%		VA - 80.00%		Paid Off - 360		01-Jan-2005
11801348 1			60,000.00		59,562.34			28-Sep-2005		8.000%		MI - 55.56%		Paid Off - 360		01-Dec-2004
11798259 1			116,000.00		115,346.75			01-Aug-2005		6.375%		VA - 32.49%		Paid Off - 360		01-Feb-2005
11801663 1			212,100.00		210,308.31			12-Oct-2005		6.417%		CA - 70.00%		Paid Off - 360		01-Jan-2005
11798858 1			335,200.00		335,200.00			03-Aug-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11802500 1			116,450.00		115,603.82			30-Sep-2005		7.750%		MD - 85.00%		Paid Off - 360		01-Dec-2004
11798885 1			315,000.00		314,999.26			30-Jul-2005		7.890%		HI - 70.79%		Paid Off - 360		01-Dec-2004
11802635 1			315,500.00		315,500.00			13-Oct-2005		5.700%		GA - 79.98%		Paid Off - 360		01-Nov-2004
11799463 1			245,000.00		243,874.83			09-Aug-2005		8.375%		CA - 70.00%		Paid Off - 360		01-Jan-2005
11802740 1			130,050.00		130,050.00			28-Sep-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Jan-2005
11799716 1			144,500.00		143,409.21			20-Jul-2005		6.375%		NY - 85.00%		Paid Off - 360		01-Dec-2004
11803765 1			230,400.00		230,332.56			14-Oct-2005		7.025%		MD - 80.00%		Paid Off - 360		01-Jan-2005
11800841 1			214,500.00		213,156.03			04-Aug-2005		7.340%		CA - 65.00%		Paid Off - 360		01-Dec-2004
11803997 1			129,600.00		128,728.37			27-Sep-2005		7.625%		IL - 88.77%		Paid Off - 360		03-Dec-2004
11801363 1			246,160.00		244,569.48			01-Aug-2005		7.250%		IL - 80.00%		Paid Off - 360		01-Dec-2004
11804147 1			243,000.00		242,928.62			29-Sep-2005		5.875%		CA - 73.77%		Paid Off - 360		01-Dec-2004
11801565 1			329,400.00		327,097.09			10-Aug-2005		6.775%		VA - 91.50%		Paid Off - 360		01-Dec-2004
11804515 1			279,650.00		277,239.44			06-Oct-2005		8.650%		NY - 85.00%		Paid Off - 360		01-Aug-2004
11801725 1			120,000.00		119,093.36			01-Aug-2005		6.650%		WI - 80.00%		Paid Off - 360		04-Nov-2004
11804541 1			144,500.00		143,728.38			30-Sep-2005		9.275%		GA - 85.00%		Paid Off - 360		01-Dec-2004
11802587 1			115,200.00		114,351.86			15-Aug-2005		6.750%		IL - 90.00%		Paid Off - 360		01-Dec-2004
11804841 1			600,000.00		599,996.68			30-Sep-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11803117 1			226,400.00		224,809.51			28-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11805124 1			97,600.00		97,191.78			28-Sep-2005		9.925%		OH - 80.00%		Paid Off - 360		01-Jan-2005
11803131 1			148,750.00		148,171.22			04-Aug-2005		9.025%		AR - 85.00%		Paid Off - 360		01-Jan-2005
11805390 1			315,000.00		314,979.43			05-Oct-2005		5.427%		CA - 75.00%		Paid Off - 360		01-Dec-2004
11803294 1			153,250.00		152,199.15			29-Jul-2005		6.875%		NC - 85.38%		Paid Off - 360		01-Dec-2004
11805598 1			95,250.00		94,431.85			30-Sep-2005		7.000%		IL - 73.84%		Paid Off - 360		01-Dec-2004
11803392 1			278,800.00		278,712.85			22-Jul-2005		6.250%		CA - 85.00%		Paid Off - 360		01-Sep-2004
11806330 1			120,400.00		119,602.96			13-Oct-2005		8.525%		MI - 70.00%		Paid Off - 360		01-Dec-2004
11803597 1			176,375.00		175,428.93			28-Jul-2005		8.100%		WA - 85.00%		Paid Off - 360		01-Jan-2005
11806383 1			153,000.00		151,412.01			27-Sep-2005		7.500%		CA - 40.32%		Paid Off - 360		01-Sep-2004
11804531 1			208,000.00		206,477.71			09-Aug-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Sep-2004
11806786 1			232,750.00		232,750.00			13-Oct-2005		6.500%		MD - 95.00%		Paid Off - 360		01-Dec-2004
11804689 1			161,500.00		160,505.97			18-Jul-2005		8.580%		MD - 85.00%		Paid Off - 360		01-Oct-2004
11806899 1			136,720.00		136,720.00			03-Oct-2005		6.000%		AZ - 80.00%		Paid Off - 360		01-Dec-2004
11804711 1			140,000.00		140,000.00			15-Aug-2005		5.900%		CA - 76.92%		Paid Off - 360		01-Jan-2005
11807479 1			144,000.00		143,989.72			21-Sep-2005		5.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004
11804712 1			256,500.00		254,779.88			18-Jul-2005		6.990%		VA - 90.00%		Paid Off - 360		01-Dec-2004
11807512 1			108,000.00		107,241.28			17-Oct-2005		6.750%		MD - 77.14%		Paid Off - 360		01-Feb-2005
11805224 1			276,250.00		274,952.53			21-Jul-2005		8.100%		VA - 85.00%		Paid Off - 360		01-Jan-2005
11807536 1			330,000.00		327,222.87			21-Sep-2005		7.000%		CA - 73.33%		Paid Off - 360		01-Dec-2004
11805547 1			102,400.00		101,807.35			26-Jul-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11808998 1			137,800.00		137,800.00			13-Oct-2005		7.250%		VA - 65.00%		Paid Off - 360		01-Jan-2005
11805695 1			63,750.00		63,314.95			03-Aug-2005		6.900%		NY - 85.00%		Paid Off - 360		01-Dec-2004
11809017 1			390,000.00		390,000.00			10-Oct-2005		7.750%		MD - 64.89%		Paid Off - 360		01-Dec-2004
11805822 1			50,000.00		49,538.98			19-Jul-2005		7.875%		DE - 23.26%		Paid Off - 360		01-Jan-2005
11809154 1			140,000.00		140,000.00			14-Oct-2005		7.875%		CA - 69.83%		Paid Off - 360		01-Jan-2005
11805998 1			103,500.00		102,931.26			16-Aug-2005		8.000%		GA - 90.00%		Paid Off - 360		01-Dec-2004
11809342 1			254,600.00		252,776.42			20-Sep-2005		6.850%		NY - 76.00%		Paid Off - 360		01-Feb-2005
Page 17 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
11806048 1			99,000.00		98,505.93			25-Jul-2005		7.875%		GA - 90.00%		Paid Off - 360		01-Jan-2005
11806677 1			154,800.00		153,422.69			10-Aug-2005		6.750%		FL - 90.00%		Paid Off - 360		01-Oct-2004
11806901 1			93,500.00		93,047.13			22-Jul-2005		8.625%		NC - 85.00%		Paid Off - 360		01-Dec-2004
11807160 1			376,000.00		376,000.00			27-Jul-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11808281 1			122,000.00		121,500.61			01-Aug-2005		8.000%		LA - 64.89%		Paid Off - 360		01-Feb-2005
11808753 1			368,000.00		365,711.12			04-Aug-2005		7.375%		OR - 80.00%		Paid Off - 360		01-Dec-2004
11809250 1			295,800.00		293,851.36			25-Jul-2005		6.375%		MD - 85.00%		Paid Off - 360		01-Jan-2005
11809518 1			453,600.00		453,344.90			22-Jul-2005		6.750%		VA - 79.94%		Paid Off - 360		01-Dec-2004
11809527 1			406,400.00		406,400.00			15-Aug-2005		6.500%		MD - 80.00%		Paid Off - 360		01-Jan-2005
11809550 1			216,000.00		215,959.45			05-Aug-2005		6.500%		OR - 74.48%		Paid Off - 360		01-Dec-2004
11809952 1			204,800.00		203,326.22			25-Jul-2005		6.625%		MD - 80.00%		Paid Off - 360		01-Dec-2004
11810558 1			252,144.00		250,911.32			29-Jul-2005		7.900%		AZ - 92.70%		Paid Off - 360		01-Jan-2005
11810916 1			93,600.00		93,523.94			02-Aug-2005		6.250%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11811043 1			200,000.00		198,171.31			04-Aug-2005		5.750%		NV - 80.00%		Paid Off - 360		01-Jan-2005
11811504 1			60,000.00		59,593.34			27-Jul-2005		6.400%		MI - 72.06%		Paid Off - 360		01-Jan-2005
11811749 1			225,250.00		223,965.95			29-Jul-2005		7.125%		PA - 85.00%		Paid Off - 360		01-Jan-2005
11811951 1			67,300.00		66,858.73			05-Aug-2005		6.400%		LA - 79.18%		Paid Off - 360		01-Jan-2005
11812444 1		FCL	265,000.00		265,000.00			08-Aug-2005		7.500%		CA - 79.10%		Paid Off - 360		01-Jan-2005
11812590 1			150,000.00		148,332.67			28-Jul-2005		7.250%		CT - 78.95%		Paid Off - 360		01-Jan-2005
11812995 1			364,000.00		364,000.00			09-Aug-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11812997 1			289,800.00		288,374.32			21-Jul-2005		7.875%		MD - 90.00%		Paid Off - 360		01-Jan-2005
11813156 1			144,400.00		143,577.15			29-Jul-2005		7.125%		GA - 95.00%		Paid Off - 360		01-Jan-2005
11813223 1			218,000.00		217,928.47			16-Aug-2005		7.875%		NV - 68.13%		Paid Off - 360		01-Jan-2005
11813357 1			70,000.00		69,680.99			22-Jul-2005		8.250%		NJ - 48.28%		Paid Off - 360		01-Jan-2005
11813868 1			209,500.00		208,253.84			04-Aug-2005		8.750%		CA - 69.83%		Paid Off - 360		01-Oct-2004
11814744 1			397,500.00		397,500.00			27-Jul-2005		5.125%		CA - 75.00%		Paid Off - 360		01-Jan-2005
11814906 1			155,000.00		155,000.00			09-Aug-2005		7.650%		VA - 100.00%		Paid Off - 360		01-Nov-2004
11815288 1			275,000.00		272,951.49			03-Aug-2005		5.725%		CA - 77.46%		Paid Off - 360		01-Jan-2005
11815967 1			83,700.00		83,151.23			15-Aug-2005		6.400%		NV - 90.00%		Paid Off - 360		01-Jan-2005
11816500 1			308,000.00		308,000.00			02-Aug-2005		5.975%		MD - 79.38%		Paid Off - 360		01-Jan-2005
11816603 1			58,000.00		57,665.01			01-Aug-2005		7.750%		GA - 50.88%		Paid Off - 360		01-Dec-2004
11816739 1			450,000.00		450,000.00			10-Aug-2005		6.250%		MD - 81.82%		Paid Off - 360		01-Jan-2005
11817053 1			83,700.00		83,274.16			27-Jul-2005		7.700%		IN - 90.00%		Paid Off - 360		01-Jan-2005
11817480 1			67,014.00		66,672.86			19-Jul-2005		7.700%		MI - 91.80%		Paid Off - 360		01-Jan-2005
11817781 1			96,000.00		95,466.16			09-Aug-2005		7.250%		MI - 80.00%		Paid Off - 360		01-Jan-2005
11817864 1			345,000.00		343,047.83			15-Aug-2005		6.350%		NY - 75.00%		Paid Off - 360		01-Feb-2005
11818880 1			206,400.00		204,689.48			25-Jul-2005		5.375%		NY - 80.00%		Paid Off - 360		01-Jan-2005
11819076 1			544,000.00		544,000.00			19-Jul-2005		7.850%		MD - 89.92%		Paid Off - 360		01-Feb-2005
Page 18 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
11819080 1			479,900.00		477,359.70			27-Jul-2005		7.500%		CO - 79.98%		Paid Off - 360		01-Jan-2005
11809413 1			353,500.00		353,497.87			12-Oct-2005		6.750%		MD - 74.11%		Paid Off - 360		01-Jan-2005
11819162 1			208,000.00		208,000.00			01-Aug-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11809672 1			400,000.00		396,752.79			27-Sep-2005		6.625%		VA - 89.29%		Paid Off - 360		01-Jan-2005
11819187 1			197,600.00		196,778.21			01-Aug-2005		8.700%		VA - 77.49%		Paid Off - 360		01-Jan-2005
11809762 1			111,600.00		110,865.31			05-Oct-2005		7.700%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11819725 1			177,000.00		176,999.97			18-Jul-2005		6.050%		MD - 66.97%		Paid Off - 360		01-Jan-2005
11809851 1			130,500.00		130,500.00			21-Sep-2005		6.000%		MD - 90.00%		Paid Off - 360		01-Jan-2005
11820088 1			121,500.00		120,837.55			18-Jul-2005		7.350%		MD - 90.00%		Paid Off - 360		01-Jan-2005
11810521 1			399,920.00		399,710.58			28-Sep-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11820202 1			385,600.00		385,600.00			09-Aug-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11810660 1			55,800.00		55,502.49			29-Sep-2005		8.750%		IN - 90.00%		Paid Off - 360		01-Jan-2005
11820410 1		FCL	420,000.00		420,000.00			27-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11810972 1			400,000.00		396,572.93			29-Sep-2005		6.990%		NY - 88.50%		Paid Off - 360		01-Dec-2004
11820798 1			157,500.00		156,651.60			28-Jul-2005		6.950%		WA - 90.00%		Paid Off - 360		01-Feb-2005
11811243 1		FCL	195,660.00		194,101.79			14-Oct-2005		6.725%		NV - 90.00%		Paid Off - 360		01-Jan-2005
11821727 1			160,000.00		160,000.00			03-Aug-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11811283 1			109,701.00		109,003.42			06-Oct-2005		7.875%		MI - 91.80%		Paid Off - 360		01-Jan-2005
11821800 1			315,400.00		315,400.00			22-Jul-2005		6.375%		CA - 79.85%		Paid Off - 360		01-Jan-2005
11811470 1			139,500.00		138,775.00			28-Sep-2005		8.875%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11822801 1			144,000.00		143,224.50			20-Jul-2005		6.700%		MD - 84.71%		Paid Off - 360		01-Feb-2005
11812015 1			151,000.00		149,859.66			22-Sep-2005		7.000%		WI - 88.82%		Paid Off - 360		05-Dec-2004
11822914 1			76,000.00		74,602.60			08-Aug-2005		7.750%		MI - 80.00%		Paid Off - 180		01-Feb-2005
11812623 1			101,250.00		100,589.95			21-Sep-2005		7.750%		FL - 75.00%		Paid Off - 360		01-Jan-2005
11823252 1			140,000.00		140,000.00			20-Jul-2005		6.625%		AZ - 78.21%		Paid Off - 360		01-Jan-2005
11812692 1			360,000.00		356,321.51			06-Oct-2005		6.500%		NY - 90.00%		Paid Off - 360		01-Nov-2004
11823846 1			388,350.00		388,350.00			18-Jul-2005		6.900%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11812803 1			205,000.00		205,000.00			21-Sep-2005		6.250%		CA - 67.21%		Paid Off - 360		01-Jan-2005
11823888 1			372,150.00		372,149.95			20-Jul-2005		7.600%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11812873 1			202,400.00		202,400.00			23-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
11824249 1			577,500.00		577,500.00			26-Jul-2005		7.500%		NY - 77.00%		Paid Off - 360		01-Feb-2005
11813446 1			115,600.00		114,645.25			27-Sep-2005		6.750%		WI - 85.00%		Paid Off - 360		09-Dec-2004
11824582 1			363,750.00		363,750.00			09-Aug-2005		6.750%		CA - 75.00%		Paid Off - 360		01-Feb-2005
11813507 1			280,000.00		280,000.00			06-Oct-2005		6.125%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11824796 1			71,000.00		70,642.23			15-Aug-2005		6.950%		MO - 73.58%		Paid Off - 360		01-Feb-2005
11814706 1			140,250.00		139,111.39			03-Oct-2005		6.625%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11824892 1			132,000.00		131,372.77			01-Aug-2005		7.250%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11815412 1			272,800.00		272,800.00			30-Sep-2005		6.950%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
11824912 1			284,000.00		284,000.00			20-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11815673 1			133,000.00		133,000.00			21-Sep-2005		6.950%		OR - 70.00%		Paid Off - 360		01-Jan-2005
11825227 1			240,000.00		240,000.00			01-Aug-2005		5.850%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11816575 1			207,000.00		206,858.74			06-Oct-2005		6.550%		NV - 90.00%		Paid Off - 360		01-Feb-2005
11825239 1			102,000.00		101,568.92			05-Aug-2005		7.950%		IN - 85.00%		Paid Off - 360		01-Feb-2005
11816914 1			208,000.00		208,000.00			30-Sep-2005		6.950%		CA - 76.47%		Paid Off - 360		01-Feb-2005
11825825 1			182,750.00		182,000.41			27-Jul-2005		7.990%		FL - 85.00%		Paid Off - 360		01-Feb-2005
11817023 1			231,000.00		230,698.64			10-Oct-2005		5.875%		CA - 70.62%		Paid Off - 360		01-Jan-2005
11826305 1			260,000.00		260,000.00			25-Jul-2005		6.350%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11817104 1			86,102.00		85,535.07			27-Sep-2005		8.000%		CA - 37.44%		Paid Off - 360		01-Jan-2005
11826527 1			66,000.00		65,659.22			10-Aug-2005		6.825%		FL - 78.29%		Paid Off - 360		01-Feb-2005
11817145 1			152,000.00		152,000.00			28-Sep-2005		6.800%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11826855 1			115,200.00		114,673.79			11-Aug-2005		7.450%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11817241 1			333,750.00		331,494.98			10-Oct-2005		6.500%		MD - 75.00%		Paid Off - 360		01-Mar-2005
11826860 1			238,500.00		238,500.00			03-Aug-2005		6.375%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11817831 1			184,500.00		183,272.87			17-Oct-2005		7.225%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
11826880 1			167,000.00		166,090.63			04-Aug-2005		6.550%		CA - 76.61%		Paid Off - 360		01-Feb-2005
11818620 1			208,250.00		206,892.46			10-Oct-2005		7.750%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11827013 1			307,000.00		307,000.00			01-Aug-2005		5.650%		VA - 77.33%		Paid Off - 360		01-Feb-2005
11818934 1			128,000.00		127,204.47			29-Sep-2005		7.990%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11827251 1			272,000.00		270,609.10			15-Aug-2005		6.875%		CA - 62.53%		Paid Off - 360		01-Feb-2005
11819046 1			191,700.00		191,700.00			04-Oct-2005		6.750%		MI - 90.00%		Paid Off - 360		01-Feb-2005
11827524 1			350,000.00		348,082.58			05-Aug-2005		6.550%		CA - 77.78%		Paid Off - 360		01-Feb-2005
11820040 1			76,000.00		75,994.62			07-Oct-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11827601 1			196,000.00		196,000.00			28-Jul-2005		6.550%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11820155 1			236,700.00		234,912.51			29-Sep-2005		7.000%		GA - 90.00%		Paid Off - 360		01-Jan-2005
11827670 1			142,200.00		142,157.34			28-Jul-2005		7.200%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11820358 1			216,000.00		215,995.04			23-Sep-2005		6.550%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11828092 1			137,500.00		137,500.00			01-Aug-2005		5.350%		MD - 78.57%		Paid Off - 360		01-Feb-2005
11820413 1			200,000.00		198,762.10			22-Sep-2005		7.400%		MA - 80.00%		Paid Off - 360		01-Feb-2005
11828202 1			108,000.00		107,550.18			22-Jul-2005		7.950%		GA - 90.00%		Paid Off - 360		01-Feb-2005
11820679 1			162,500.00		161,083.05			20-Sep-2005		6.250%		MD - 79.85%		Paid Off - 360		01-Jan-2005
11828293 1			54,300.00		53,830.23			25-Jul-2005		9.450%		SC - 66.22%		Paid Off - 240		01-Feb-2005
11821185 1			409,050.00		409,005.05			20-Sep-2005		6.500%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11828469 1			180,800.00		180,800.00			20-Jul-2005		7.150%		VA - 80.00%		Paid Off - 360		01-Feb-2005
11821560 1			227,000.00		225,581.10			13-Oct-2005		7.350%		CA - 62.88%		Paid Off - 360		01-Feb-2005
11828517 1			152,000.00		150,975.40			20-Jul-2005		5.800%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11821595 1			264,000.00		263,999.79			19-Sep-2005		6.900%		VA - 79.52%		Paid Off - 360		01-Feb-2005
Page 19 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
11828670 1			119,000.00		118,305.14			01-Aug-2005		7.000%		CA - 52.89%		Paid Off - 360		01-Jan-2005
11821684 1			298,119.00		298,119.00			27-Sep-2005		6.625%		CA - 93.75%		Paid Off - 360		01-Jan-2005
11828717 1			162,000.00		162,000.00			28-Jul-2005		6.300%		AZ - 90.00%		Paid Off - 360		01-Feb-2005
11821721 1			280,000.00		279,999.32			03-Oct-2005		7.300%		CA - 70.00%		Paid Off - 360		01-Nov-2004
11828794 1			75,000.00		73,772.19			17-Aug-2005		8.850%		OK - 41.21%		Paid Off - 180		01-Feb-2005
11822504 1			88,500.00		87,893.89			21-Sep-2005		6.900%		MI - 67.05%		Paid Off - 360		01-Feb-2005
11828798 1			282,600.00		281,005.47			04-Aug-2005		6.375%		VA - 90.00%		Paid Off - 360		01-Feb-2005
11822567 1			403,000.00		403,000.00			10-Oct-2005		5.224%		VA - 76.76%		Paid Off - 360		01-Feb-2005
11828802 1			460,000.00		457,681.90			11-Aug-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11822669 1			200,000.00		199,903.45			14-Oct-2005		7.050%		NV - 80.00%		Paid Off - 360		01-Jan-2005
11828882 1			444,000.00		443,987.84			09-Aug-2005		5.600%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11823143 1			338,000.00		338,000.00			05-Oct-2005		5.950%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
11828892 1			274,000.00		274,000.00			21-Jul-2005		7.000%		CA - 72.30%		Paid Off - 360		01-Feb-2005
11823719 1			111,562.00		110,936.61			30-Sep-2005		7.900%		CT - 92.20%		Paid Off - 360		01-Feb-2005
11829062 1			98,600.00		98,324.15			17-Aug-2005		9.850%		GA - 85.00%		Paid Off - 360		01-Feb-2005
11823847 1			500,000.00		496,279.21			29-Sep-2005		6.450%		MD - 89.29%		Paid Off - 360		01-Feb-2005
11829639 1			198,400.00		198,400.00			09-Aug-2005		5.700%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11823878 1			224,320.00		222,360.67			21-Sep-2005		5.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11829843 1			248,000.00		246,967.20			12-Aug-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11823958 1			254,290.00		254,290.00			28-Sep-2005		7.350%		MD - 86.20%		Paid Off - 360		01-Feb-2005
11830094 1			135,000.00		134,253.46			08-Aug-2005		6.500%		WI - 90.00%		Paid Off - 360		01-Feb-2005
11824461 1			64,600.00		64,263.28			06-Oct-2005		8.300%		MI - 85.00%		Paid Off - 360		01-Feb-2005
11830550 1			157,500.00		156,714.02			16-Aug-2005		7.000%		IL - 75.00%		Paid Off - 360		01-Feb-2005
11824519 1			480,000.00		480,000.00			03-Oct-2005		7.500%		CA - 78.69%		Paid Off - 360		01-Feb-2005
11830667 1			96,300.00		95,910.11			03-Aug-2005		7.125%		GA - 90.00%		Paid Off - 360		01-Mar-2005
11824757 1			171,000.00		170,002.54			20-Sep-2005		7.700%		GA - 90.00%		Paid Off - 360		01-Feb-2005
11830920 1			320,000.00		320,000.00			10-Aug-2005		6.500%		VA - 80.00%		Paid Off - 360		01-Feb-2005
11824797 1			225,000.00		225,000.00			29-Sep-2005		6.875%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11831534 1			108,900.00		108,899.90			19-Jul-2005		6.800%		WA - 90.00%		Paid Off - 360		01-Mar-2005
11825011 1			480,000.00		479,392.77			04-Oct-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11831566 1			312,000.00		310,884.65			27-Jul-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11825014 1			159,600.00		159,600.00			29-Sep-2005		7.250%		VA - 95.00%		Paid Off - 360		01-Feb-2005
11831678 1			125,000.00		125,000.00			16-Aug-2005		7.400%		ID - 67.57%		Paid Off - 360		01-Feb-2005
11825167 1			307,700.00		307,697.99			07-Oct-2005		5.900%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11832005 1		FCL	280,000.00		280,000.00			04-Aug-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11825376 1			280,000.00		280,000.00			26-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11832197 1			260,000.00		259,946.36			08-Aug-2005		6.350%		MD - 46.85%		Paid Off - 360		01-Mar-2005
11826780 1			300,000.00		298,448.01			12-Oct-2005		8.300%		MD - 72.12%		Paid Off - 360		01-Feb-2005
11832310 1			318,000.00		316,642.25			16-Aug-2005		6.850%		IL - 70.00%		Paid Off - 360		01-Mar-2005
11826807 1			213,680.00		212,134.82			13-Oct-2005		6.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11833433 1			241,500.00		240,574.41			10-Aug-2005		7.400%		MD - 75.00%		Paid Off - 360		01-Mar-2005
11827186 1			135,000.00		133,899.81			30-Sep-2005		6.260%		TX - 75.00%		Paid Off - 360		01-Feb-2005
11834067 1			175,000.00		175,000.00			16-Aug-2005		6.950%		CA - 55.56%		Paid Off - 360		01-Mar-2005
11827264 1			307,000.00		307,000.00			26-Sep-2005		7.500%		MI - 73.98%		Paid Off - 360		01-Feb-2005
11834439 1			400,500.00		398,995.18			11-Aug-2005		7.500%		FL - 90.00%		Paid Off - 360		01-Mar-2005
11827329 1			78,500.00		77,983.78			29-Sep-2005		7.100%		FL - 74.20%		Paid Off - 360		01-Feb-2005
11834642 1			50,000.00		49,770.33			17-Aug-2005		7.550%		IL - 80.00%		Paid Off - 360		01-Mar-2005
11827424 1			94,350.00		93,475.47			22-Sep-2005		7.009%		IN - 85.00%		Paid Off - 360		01-Nov-2004
11834944 1			344,000.00		343,909.17			01-Aug-2005		8.250%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
11827907 1			284,750.00		284,750.00			03-Oct-2005		5.550%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11836509 1			226,000.00		224,887.41			20-Jul-2005		6.750%		MD - 89.68%		Paid Off - 360		01-Mar-2005
11828159 1			185,019.00		183,928.42			11-Oct-2005		7.650%		CA - 89.82%		Paid Off - 360		01-Feb-2005
11836634 1			288,000.00		287,973.57			03-Aug-2005		6.500%		CA - 75.00%		Paid Off - 360		01-Mar-2005
11828370 1			197,000.00		197,000.00			06-Oct-2005		6.850%		CA - 89.95%		Paid Off - 360		01-Mar-2005
11836926 1			348,000.00		348,000.00			28-Jul-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11828660 1			225,000.00		222,534.45			26-Sep-2005		5.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11837453 1			136,500.00		136,105.67			09-Aug-2005		8.800%		GA - 70.00%		Paid Off - 360		01-Mar-2005
11828665 1			228,000.00		226,011.88			27-Sep-2005		6.250%		CA - 63.33%		Paid Off - 360		01-Jan-2005
11838079 1			210,000.00		209,067.83			08-Aug-2005		6.650%		CA - 68.85%		Paid Off - 360		01-Mar-2005
11829033 1			180,400.00		179,447.72			05-Oct-2005		8.200%		FL - 82.00%		Paid Off - 360		01-Feb-2005
11838269 1			181,600.00		181,600.00			11-Aug-2005		6.200%		VA - 80.00%		Paid Off - 360		01-Mar-2005
11829450 1			235,000.00		233,365.03			04-Oct-2005		6.800%		CA - 51.76%		Paid Off - 360		01-Feb-2005
11840376 1			170,000.00		170,000.00			01-Aug-2005		7.100%		FL - 85.00%		Paid Off - 360		01-Mar-2005
11829573 1			296,000.00		293,625.42			06-Oct-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11840625 1			337,500.00		#######			16-Aug-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11830308 1			370,000.00		370,000.00			30-Sep-2005		7.990%		IL - 75.51%		Paid Off - 360		01-Feb-2005
11841131 1			250,200.00		249,357.86			17-Aug-2005		8.050%		FL - 90.00%		Paid Off - 360		01-Mar-2005
11830696 1			278,400.00		278,400.00			04-Oct-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11841378 1			147,250.00		147,250.00			02-Aug-2005		7.100%		MD - 95.00%		Paid Off - 360		01-Mar-2005
11831025 1			210,960.00		210,960.00			14-Oct-2005		7.650%		VA - 76.02%		Paid Off - 360		01-Mar-2005
11842609 1			250,000.00		248,922.13			22-Jul-2005		6.800%		CA - 66.67%		Paid Off - 360		01-Mar-2005
11831151 1			288,000.00		287,961.02			13-Oct-2005		5.850%		CA - 82.29%		Paid Off - 360		01-Feb-2005
11843573 1			265,000.00		264,123.50			02-Aug-2005		7.000%		CA - 79.10%		Paid Off - 360		01-Apr-2005
11831296 1			349,600.00		349,600.00			29-Sep-2005		7.000%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11844018 1			296,000.00		296,000.00			16-Aug-2005		7.100%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11831304 1			320,000.00		320,000.00			17-Oct-2005		6.300%		CA - 74.42%		Paid Off - 360		01-Feb-2005
Page 20 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
11844387 1			368,000.00		366,671.36			09-Aug-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11831356 1			217,700.00		217,699.95			14-Oct-2005		7.950%		VA - 70.00%		Paid Off - 360		01-Mar-2005
11844752 1			204,750.00		204,066.09			01-Aug-2005		6.950%		CA - 75.00%		Paid Off - 360		01-Apr-2005
11831472 1			136,000.00		135,233.58			26-Sep-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Feb-2005
11844766 1			301,750.00		300,527.20			04-Aug-2005		6.350%		CA - 85.00%		Paid Off - 360		01-Apr-2005
11831623 1			121,500.00		120,302.14			06-Oct-2005		6.450%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11845734 1			65,000.00		64,750.42			19-Jul-2005		7.400%		WI - 61.90%		Paid Off - 360		01-Apr-2005
11831700 1			336,000.00		336,000.00			20-Sep-2005		7.250%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11846344 1			205,200.00		204,556.91			16-Aug-2005		7.300%		VA - 90.00%		Paid Off - 360		01-Apr-2005
11832413 1			165,600.00		165,599.51			05-Oct-2005		8.050%		IA - 90.00%		Paid Off - 360		01-Apr-2005
11846719 1			108,000.00		107,594.76			11-Aug-2005		6.350%		CA - 50.23%		Paid Off - 360		01-Apr-2005
11832420 1			180,000.00		179,145.13			10-Oct-2005		8.050%		MD - 90.00%		Paid Off - 360		01-Mar-2005
11846856 1			108,800.00		108,391.75			01-Aug-2005		6.350%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11832588 1			193,200.00		193,200.00			07-Oct-2005		7.650%		NM - 70.00%		Paid Off - 360		01-Mar-2005
11847059 1			165,000.00		165,000.00			27-Jul-2005		5.700%		CA - 44.00%		Paid Off - 360		01-Apr-2005
11834637 1			185,000.00		184,969.03			13-Oct-2005		6.375%		MD - 87.02%		Paid Off - 360		01-Mar-2005
11848007 1			150,000.00		149,494.05			21-Jul-2005		6.900%		NH - 52.08%		Paid Off - 360		01-Apr-2005
11834797 1			106,000.00		105,489.54			26-Sep-2005		7.975%		GA - 79.70%		Paid Off - 360		01-Mar-2005
11849678 1			208,000.00		208,000.00			27-Jul-2005		7.650%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11835756 1			160,000.00		159,819.62			26-Sep-2005		7.550%		CA - 80.00%		Paid Off - 360		01-Mar-2005
TOTAL			35,379,248.00		35,268,397.49
11835963 1			169,600.00		168,728.53			17-Oct-2005		6.850%		IL - 78.88%		Paid Off - 360		01-Apr-2005
11837489 1			297,000.00		296,997.25			04-Oct-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11837498 1			150,000.00		149,098.19			30-Sep-2005		6.850%		CA - 80.65%		Paid Off - 360		01-Mar-2005
11837590 1			60,000.00		59,728.62			22-Sep-2005		7.950%		NV - 28.57%		Paid Off - 360		01-Apr-2005
11837775 1			144,500.00		144,500.00			06-Oct-2005		7.450%		MD - 85.00%		Paid Off - 360		01-Mar-2005
11838164 1			153,000.00		153,000.00			13-Oct-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
11838207 1			201,500.00		201,500.00			17-Oct-2005		6.990%		MD - 87.61%		Paid Off - 360		01-Apr-2005
11838512 1			128,000.00		127,228.68			19-Sep-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11839955 1			263,500.00		262,101.92			23-Sep-2005		6.700%		CA - 77.27%		Paid Off - 360		01-Apr-2005
11840404 1			100,000.00		100,000.00			03-Oct-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
11840597 1			130,000.00		129,054.92			28-Sep-2005		5.950%		NJ - 64.04%		Paid Off - 360		01-Apr-2005
11840643 1			297,000.00		297,000.00			05-Oct-2005		7.150%		VA - 90.00%		Paid Off - 360		01-Apr-2005
11840647 1			96,750.00		96,251.85			13-Oct-2005		7.650%		VA - 75.00%		Paid Off - 360		01-Mar-2005
11840824 1			172,000.00		170,841.35			23-Sep-2005		5.425%		IL - 63.70%		Paid Off - 360		01-Apr-2005
11841334 1			155,700.00		155,078.45			21-Sep-2005		8.125%		NC - 90.00%		Paid Off - 360		01-Apr-2005
11843440 1			85,000.00		84,500.35			30-Sep-2005		6.150%		AZ - 54.91%		Paid Off - 360		01-Apr-2005
11843478 1			50,000.00		48,466.83			06-Oct-2005		6.150%		OR - 40.00%		Paid Off - 180		01-Apr-2005
11843639 1			117,600.00		116,752.27			26-Sep-2005		5.900%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11845057 1			175,000.00		175,000.00			19-Sep-2005		7.900%		CA - 54.69%		Paid Off - 360		01-Apr-2005
11845783 1			125,200.00		124,563.34			03-Oct-2005		7.600%		IL - 80.00%		Paid Off - 360		01-Apr-2005
11846916 1			251,200.00		251,170.34			22-Sep-2005		6.990%		VA - 74.99%		Paid Off - 360		01-Apr-2005
11849442 1			272,000.00		270,897.68			30-Sep-2005		8.050%		FL - 85.00%		Paid Off - 360		01-Apr-2005
TOTAL			29,885,850.00		29,781,100.28
Page 21 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														01
Collateral Principal Realized Loss/(Gain) Amount														029,624.0052
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0293,308.0081
Cumulative
Number of Loans Liquidated														01
Collateral Realized Loss/(Gain) Amount														029,624.0052
Net Liquidation Proceeds														0293,308.0081
Page 22 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.0004%
3 Months Avg MDR														0.0001%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%
CDR														0.0047%
3 Months Avg CDR														0.0016%
12 Months Avg CDR														0.0005%
Avg CDR Since Cut-off														0.0005%
SDA														02.0044%
3 Months Avg SDA Approximation														0.0091%
12 Months Avg SDA Approximation														0.0046%
Avg SDA Since Cut-off Approximation														0.0046%
Loss Severity Approximation for Current Period														09.0017%
3 Months Avg Loss Severity Approximation														03.0006%
12 Months Avg Loss Severity Approximation														01.0002%
Avg Loss Severity Approximation Since Cut-off														01.0002%
Page 23 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
	Conditional Default Rate (CDR): 1-((1-MDR)^12)
	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.
Page 24 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
TOTAL
11797009 1
		Forcls	7.875%		CO - 72.22%		360		322,933.33				29,624.52		0.00
TOTAL									322,933.33			29,624.52		0.00
Page 25 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
														Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0
						Does a Trigger Event Exist-Either a) or b) Yes?								0
						a) Does a Delinquency Trigger Event Exists								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						60+ days Delinqueny Balance								1421,~~101~~067,~~386~~996.4493
						Ending Collateral Balance								~~860~~792,~~176~~744,~~130~~644.74
						Delinquency Percentage								12.~~6400~~6600%
						Senior Enhancement Percentage								2427.~~892104~~544814%
						Cumulative Loss Percentage								0.0000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 26 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
August 25, 2005 Distribution
October 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS
			A-1										$0.00		$0.00
			A-2A										$0.00		$0.00
			A-2B										$0.00		$0.00
			A-2C										$0.00		$0.00
			M-1										$0.00		$0.00
			M-2										$0.00		$0.00
			M-3										$0.00		$0.00
			M-4										$0.00		$0.00
			M-5										$0.00		$0.00
			M-6										$0.00		$0.00
			B-1										$0.00		$0.00
			B-2										$0.00		$0.00
			B-3										$0.00		$0.00
Page 27 of 27

Filing Compare · Saxon Asset Securities Trust 2005-1